CHILD DEVELOPMENT PEDAGOGY

Detailed explanation-1: -A business cycle, sometimes called a “trade cycle” or “economic cycle, ” refers to a series of stages in the economy as it expands and contracts. Constantly repeating, it is primarily measured by the rise and fall of gross domestic product (GDP) in a country.

Detailed explanation-2: -A business cycle is also known as an economic cycle or trade cycle. The various stages in a business cycle reflect the fluctuations in economic activity that an economy undergoes typically in a long period.

Detailed explanation-3: -The economic cycle, also known as a business cycle, refers to fluctuations of the economy between periods of expansion (growth) and contraction (recession).

Detailed explanation-4: -Business cycles are a type of fluctuation found in the aggregate economic activity of a nation–a cycle that consists of expansions occurring at about the same time in many economic activities, followed by similarly general contractions (recessions). This sequence of changes is recurrent but not periodic.

Detailed explanation-5: -A business cycle is a cycle of fluctuations in the Gross Domestic Product (GDP) around its long-term natural growth rate. It explains the expansion and contraction in economic activity that an economy experiences over time.